Regulations

The release of the draft initial regulations under the Capital Markets Act of the participating provinces and territory is part of the 2015 summer publication of legislation and regulations related to the Cooperative System. A Commentary explains how the draft initial regulations were developed and the changes from the existing regulations, rules, forms and policies of the participating provinces and territory. Readers are urged to refer to the Commentary as they review the draft initial regulations.

At this stage, no regulations will be proposed under the Capital Markets Stability Act (Canada). Ultimately, regulations under the Capital Markets Stability Act (Canada) will address two subjects: data collection and systemic risk mitigation.

Comment letters on the revised consultation draft provincial/territorial Capital Markets Act (CMA) and draft initial regulations have been posted.

Documents

Commentary on the draft initial regulations under the provincial/territorial Capital Markets Act
List of Capital Markets Regulatory Authority (CMRA) Regulations and Related Documents
List of National and Multilateral Instruments Included in Draft Initial Regulations and Related Documents


List of Capital Markets Regulatory Authority (CMRA) Regulations and Related Documents

This section contains proposed CMRA regulations and related documents. They are grouped according to the Canadian Securities Administrators (CSA) numbering system.

1 – Procedure and Related Matters
2 – Certain Capital Market Participants
3 – Registration Requirements and Related Matters
4 – Prospectus Requirements and Exemptions
5 – Disclosure and Proxies
7 – Securities Transactions Outside the Jurisdiction
8 – Investment Funds
9 – Derivatives

Date

Document

August 25, 2015

CMRA Regulation 11-501 Definitions, Procedure, Civil Liability and Related Matters

August 25, 2015

CMRA Regulation 21-501 Certain Capital Market Participants

August 25, 2015

CMRA Regulation 31-501 Registration Requirements, Exemptions and Related Matters

August 25, 2015

CMRA Regulation 41-501 Prospectus Requirements and Exemptions

August 25, 2015

CMRA Regulation 51-501 Disclosure and Proxies

August 25, 2015

CMRA Regulation 71-501 International Issuers and Securities Transactions with Persons Outside the CMR Jurisdictions

August 25, 2015

CMRA Policy 71-601 Distribution of Securities to Persons Outside CMR Jurisdictions

August 25, 2015

CMRA Regulation 81-501 Investment Funds

August 25, 2015

CMRA Regulation 91-501 Derivatives and Strip Bonds

August 25, 2015

CMRA Regulation 91-502 Trade Repositories and Derivatives Data Reporting

 


List of National and Multilateral Instruments Included in Draft Regulations and Related Documents


This section contains proposed National and Multilateral Instruments and related documents. They are grouped according to the Canadian Securities Administrators (CSA) numbering system.

1 – Procedure and Related Matters
2 – Certain Capital Market Participants
3 – Registration Requirements and Related Matters
4 – Prospectus Requirements and Exemptions
5 – Disclosure and Proxies
6 – Take-Over Bids and Special Transactions
7 – Securities Transactions Outside the Jurisdiction
8 – Investment Funds
National Policy Statement 29

Date

Document

August 25, 2015

National Policy 11-201 Electronic Delivery of Documents

August 25, 2015

National Policy 12-202 Revocation of a Compliance-Related Cease Trade Order

August 25, 2015

National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults

August 25, 2015

National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR)

August 25, 2015

National Instrument 14-101 Definitions

August 25, 2015

National Instrument 21-101 Marketplace Operation

August 25, 2015

National Instrument 23-101 Trading Rules

August 25, 2015

National Instrument 23-102 Use of Client Brokerage Commissions

August 25, 2015

National Instrument 23-103 Electronic Trading and Direct Electronic Access to Marketplaces

August 25, 2015

National Instrument 24-101 Institutional Trade Matching and Settlement

August 25, 2015

National Instrument 25-101 Designated Rating Organizations

August 25, 2015

National Instrument 31-102 National Registration Database

August 25, 2015

National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations

August 25, 2015

National Instrument 33-105 Underwriting Conflicts

August 25, 2015

National Instrument 33-109 Registration Information

August 25, 2015

National Instrument 35-101 Conditional Exemption from Registration for United States Broker-Dealers and Agents

August 25, 2015

National Instrument 41-101 General Prospectus Requirements

August 25, 2015

National Policy 41-201 Income Trusts and other Indirect Offerings

August 25, 2015

National Instrument 43-101 Standards of Disclosure for Mineral Projects

August 25, 2015

National Instrument 44-101 Short Form Prospectus Distributions

August 25, 2015

National Instrument 44-102 Shelf Distributions

August 25, 2015

National Instrument 44-103 Post-Receipt Pricing

August 25, 2015

National Instrument 45-101 Rights Offerings

August 25, 2015

National Policy 46-201 Escrow for Initial Public Offerings

August 25, 2015

National Policy 47-201 Trading Securities Using the Internet and Other Electronic Means

August 25, 2015

National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities

August 25, 2015

National Instrument 51-102 Continuous Disclosure Obligations

August 25, 2015

Multilateral Instrument 51-105 Issuers Quoted in the U.S. Over-the-Counter Markets

August 25, 2015

National Policy 51-201  Disclosure Standards

August 25, 2015

National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards

August 25, 2015

National Instrument 52-108 Auditor Oversight

August 25, 2015

National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings

August 25, 2015

National Instrument 52-110 Audit Committees

August 25, 2015

National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer

August 25, 2015

National Instrument 55-102 System for Electronic Disclosure by Insiders (SEDI)

August 25, 2015

National Instrument 55-104 Insider Reporting Requirements and Exemptions

August 25, 2015

National Instrument 58-101 Disclosure of Corporate Governance Practices

August 25, 2015

National Policy 58-201 Corporate Governance Guidelines

August 25, 2015

Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions

August 25, 2015

National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues

August 25, 2015

Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids

August 25, 2015

National Policy 62-202 Take-Over Bids – Defensive Tactics

August 25, 2015

National Instrument 62-203 Take-Over Bids and Issuer Bids

August 25, 2015

National Instrument 71-101 The Multijurisdictional Disclosure System

August 25, 2015

National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers

August 25, 2015

National Instrument 81-101 Mutual Fund Prospectus Disclosure

August 25, 2015

National Instrument 81-102 Investment Funds

August 25, 2015

National Instrument 81-104 Commodity Pools

August 25, 2015

National Instrument 81-105 Mutual Fund Sales Practices

August 25, 2015

National Instrument 81-106 Investment Fund Continuous Disclosure

August 25, 2015

National Instrument 81-107 Independent Review Committee for Investment Funds

August 25, 2015

National Policy Statement 29 Mutual Funds Investing in Mortgages